Canadian pension fund likes NZ forest growing conditions, access to Asian markets

Tue, 18 Dec 2012

By Paul McBeth Dec. 19 (BusinessDesk) - Canada's Public Sector Pension Investment Board is looking to capitalise on favourable growing conditions and access to Asian markets having taken a 30 percent stake in the central North Island's Kaingaroa forestry estate. The Canadian fund sees the 178,000 hectare Kaingaroa estate as an "attractive asset" that has been "very successfully" managed by Timberlands for many years, spokesman Mark Boutet said in an emailed statement. Among the reasons cited for the investment, Boutet said "there is a stron...

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